Lenta has sent a notification to Raiffeisenbank JSC (the custodian of the company), in which a depository program depot account has been opened within the framework of the global depositary receipts program for ordinary shares of the MCPAO, about the need to take actions aimed at obtaining the holders of the company's GDRs, the rights to which are accounted for in Russian depositories, the corresponding number of ordinary shares of the MCPAO. This is stated in the message of the retailer.
Raiffeisenbank will automatically convert the company's GDRs, the rights to which are registered in Russian depositories, into ordinary shares of Lenta in accordance with the procedure and terms established by the decision of the Board of Directors of the Bank of Russia dated July 22, 2022.
For the company's GDRs, the rights to which are registered in foreign depositories, forced conversion is possible upon the application of their holders, which must be sent to Raiffeisenbank by October 12, 2022. The Company recommends that GDR holders wishing to exercise the right of forced conversion contact the bank to clarify the procedure and details of such conversion.
MKPAO "Lenta" (TIN 3906399157) is a leading multi–format grocery and FMCG retailer in Russia. The company develops the formats of hypermarkets, supermarkets, as well as the format of convenience stores under the brand "Mini Tape". The company develops online sales. The company was founded in 1993 in St. Petersburg. As of March 31, 2021, Lenta operated 254 hypermarkets and 140 supermarkets with a total retail area of more than 1.5 million square meters. m in 89 cities of the European part of Russia. The company has 13 distribution centers throughout Russia.
Lenta's net profit under IFRS for the first half of 2022 decreased by 37.4% to 3.36 billion rubles from 5.36 billion rubles a year earlier. Revenue increased by 20.3% to 262.46 billion rubles from 218.09 billion rubles, gross profit – by 26.4% to 62.84 billion rubles from 49.7 billion rubles, EBITDAR – by 2.7% to 21.4 billion rubles from 20.8 billion rubles. EBITDA decreased by 11.8% to RUB 15.4 billion.
